Advertisement
Question 20 Chapter 2 of +2-B
Advertisement
Table of Contents
Common Size Balance Sheet
20. Prepare a common size statement of Profit and Loss.
| Particular | 31st March 2016 ₹ | 31st March 2015 ₹ |
| I. Income | ||
| Revenue from Operation | 7,00,000 | 5,00,000 |
| Other Income | 50,000 | 30,000 |
| Total Revenue | 7,50,000 | 5,30,000 |
| II. Expenses | ||
| Purchases of Goods | 4,00,000 | 3,50,000 |
| Employees Benefit Expenses | 1,20,000 | 80,000 |
| Other Expenses | 40,000 | 10,000 |
| Total Expenses | 5,60,000 | 4,40,000 |
| III. Net Profit Before Tax (I-II) | 1,90,000 | 90,000 |
The solution of Question 20 Chapter 2 of +2-B: –
| Comparative Statement of Profit & Loss | |||||
| Particulars |
Note no. | 31st March, 2015 (A) (3) |
31st March, 2016 (B) (4) |
Percentage |
Percentage Change (Increase/ Decrease) |
| I. Income | |||||
| Revenue from Operation | 5,00,000 | 7,00,000 | 100.00% | 100.00% | |
| Other Income | 30,000 | 50,000 | 6.00% | 7.14% | |
| Total Revenue | 5,30,000 | 7,50,000 | 106.00% | 107.14% | |
| II. Expenses | |||||
| Purchases of Goods | 3,50,000 | 4,00,000 | 70.00% | 57.14% | |
| Employees Benefit Expenses | 80,000 | 1,20,000 | 16.00% | 17.14% | |
| Other Expenses | 10,000 | 40,000 | 2.00% | 5.72% | |
| Total Expenses | 4,40,000 | 5,60,000 | 88.00% | 80.00% | |
| III. Net Profit Before Tax (I-II) | 90,000 | 1,90,000 | 18.00% | 27.14% | |
Advertisement-X
To understand more about Balance Sheet please check out following links:
Balance Sheet: Meaning, Format & Examples
Thanks, Please Like and share with your friends
Comment if you have any question.
Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
Advertisement-X
